Business
Firm Seeks LASG’s Approval To Operate
FT Logistics Global Ser
vices Nig. Limitd says it needs approval from the Lagos State Government to operate a truck holding bay at the Trade Fair Complex, Badagry Expressway.
The Chairman of the company, Chief Chris Orode, made the appeal in an interview with the newsmen in Lagos, on Thursday.
Orode said the request was made known when a team of transport management agencies visited the proposed terminal on a fact-finding mission on Wednesday.
He said the fact-finding team comprised the Chief Executive of the Lagos State Transport Management Authority (LASTMA), Mr Chris Olape and officials of other traffic management agencies in the state.
Orode said the team was impressed with what they saw at the facility and promised to advise the government on the need to convene a stakeholders’ meeting to reach a conclusion.
“The team was on a fact-finding mission to see for itself what is on ground.
“This can prompt the take-off time because it is evident that the needed facility is here.
“It is good that all the traffic management agencies are here, so that they can have a common picture of the project and how it can work,’’ he said.
Orode told reporters that the truck terminal, which measures 300,000 square metres, would accommodate at least 5,000 trucks.
He, however, said the firm still considered the need to build a new entry and exit gates dedicated for the trucks.
He said the facility was equipped with office spaces to accommodate the various traffic management agencies as operational bases.
The Tie gathered that FT Logistics Global Services Nigeria Ltd., recently held discussions with the Nigerian Ports Authority on a proposed collaboration for an electronic call-up system for trucks.
The initiative is to have trucks come to the port only when called up, rather than come around to scout for jobs and clog the port access corridors.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.